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Trading Made Simple

  • #96,281
  • Jun 9, 2019 3:27pm Jun 9, 2019 3:27pm
Excellent video Tekkies, thank you!!!
  • #96,282
  • Jun 9, 2019 7:14pm Jun 9, 2019 7:14pm
Quoting juantrader
Excellent video Tekkies, thank you!!!

You like excellent video, here is a another. Enjoy!

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,283
  • Jun 9, 2019 7:26pm Jun 9, 2019 7:26pm
Quoting lddd
{quote} So what do you suggest as a reliable way to trade the lower time frames (under H4) between London open and the first hours of the NY session? I tried many strategies and different approaches now with mixed results trading manually. Is it really that hard to find a clear defined trading strategy which works on M15/H1 doesn’t lead into over trading giving tons of signals, doesn’t lead into a lot of contradiction, doesn’t have to deal with multi time frame analyses paralyses (or at least describe that in an easy to follow and clear way what...

I traded COWABUNGA system for a few years on M15 and H1, also D1. Each timeframe is traded on its own without the need to check the next time frame signal.
You don't find many signals because the trades are 'signal' by confluence of several indicators. No need to do multi timeframe analysis, etc.

video sample:

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,284
  • Jun 9, 2019 7:43pm Jun 9, 2019 7:43pm
Well, we are here kinda b/c of TMS So I think that other systems are kinda off topic. But those videos you posted yesterday were about PA, that's why it was so interesting to watch them.
  • #96,285
  • Jun 9, 2019 8:00pm Jun 9, 2019 8:00pm
Quoting emmanuel7788
{quote} You like excellent video, here is a another. Enjoy! https://www.youtube.com/watch?v=Ggw7_1MT0-U&t=452s
Thank you Sir
  • #96,286
  • Jun 9, 2019 8:10pm Jun 9, 2019 8:10pm
Quoting phi1ipp
Well, we are here kinda b/c of TMS So I think that other systems are kinda off topic. But those videos you posted yesterday were about PA, that's why it was so interesting to watch them.

You are right.

My trading journey in spot forex started with the COWABUNGA system.
I slowly evolved from that system to TMS by removing the MACD, then the Stochastics. To achieve this, I had to replace the RSI(9) to use the Fozzy-RSI which is basically what the TDI is.

I kept both the 5EMA and 10EMA and use them to see the price action for setup/reversal. This is quite similar to the way Big E used the 5EMA for his setup candles and the HA candles....

old posts with history
https://www.forexfactory.com/showthr...13#post8474413

https://www.forexfactory.com/showthr...55#post8474455

I also traded with pivots and dropped them too.
https://www.forexfactory.com/showthr...91#post8583391

Trade Well
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,287
  • Jun 9, 2019 8:13pm Jun 9, 2019 8:13pm
Quoting juantrader
{quote} Thank you Sir

you are welcome.

if you want to learn coding and also to trade with TDI or Fozzy-RSI,

here is one good time-tested expert advisor and you can trade TMS with B3.

https://www.forexfactory.com/showthread.php?t=792598
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,288
  • Jun 9, 2019 8:22pm Jun 9, 2019 8:22pm
Week 24 NY Open Jun 09 5PM ... with most pair showing price gaps.

Price gaps are opportunties to make money because 80% of gaps do get filled.

The floating man will need to come back down to earth.
Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 24 Jun09 open gap up 10-06-2019 09-18-49.png Size: 214 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,289
  • Jun 9, 2019 8:35pm Jun 9, 2019 8:35pm
Quoting emmanuel7788
{quote} USDCAD Week 23 Trade update I have several open positions during NFP last Friday. Will close these on Monday and re-open new basket. {image} Pay attention to the 1 and 2 on the chart above. Note the Price Action above and the TDI conditions 1 and 2. Next week Jun 10 to 14, will look to sell the xxxCAD pairs.
Hi Emmanuel,
All of xxxCAD pairs synchronized, except EURCAD. I love that moment.
My basket of AUDCAD, NZDCAD, GBPCAD from the last week still running now, I will lock with profit and prepare for some new baskets.
Best regards,
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  • #96,290
  • Jun 9, 2019 9:06pm Jun 9, 2019 9:06pm
Quoting hikaru259
{quote} Hi Emmanuel, All of xxxCAD pairs synchronized, except EURCAD. I love that moment. My basket of AUDCAD, NZDCAD, GBPCAD from the last week still running now, I will lock with profit and prepare for some new baskets. Best regards, {image} {image} {image} {image}

EURCAD Week 24

If we sell EC this week, our cut-loss is previous 2 weeks high. This is one reason why I use 2bars-look-back on Weekly, our account DD is maintain at no more than 2 weeks in a trending market type condition. But when the market type condition is sideways ranging and choppy, it is possible to hold on to basket in floating losses for more then 2 weeks.... we can have several closed baskets (small profits and/or breakeven ones) in wide range sideways market type. This is the beauty to trade average price with TMS MEME. ... always in the market.

Learn the 3 type of market by Mike Baghdady .. study his 4 videos and know what the market type conditions and trade TMS.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week 24 BPP 10-06-2019 10-04-08.png Size: 42 KB


I have open basket with 5 positions, floating loss now but I will mentally survive this with last week's banked in profits.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Open and Closed positions 10-06-2019 10-08-55.png Size: 15 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,291
  • Jun 10, 2019 3:13am Jun 10, 2019 3:13am
GBPUSD Jun 10 M20

TMS 5-Method setup in progress

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jun 10 M20 late 10-06-2019 16-09-35.png Size: 43 KB


also COWABUNGA reversal setup candle
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,292
  • Jun 10, 2019 5:58am Jun 10, 2019 5:58am
Just borrow a quote of RobinHood in TMSr thread:

"Although my templates do not include his main indicator which was the TDI, they do include other indicators that I find easier to read than the TDI. For example, Big E (Eric) would talk about when the TDI started to bend, or arch, or flatten out, etc. as exit signals which I found to be way too subjective for me, so I eventually dropped it. And, he mentioned that he might drop it also because he could still trade very successfully without it. In other words, he didn't really need it either.

In all honesty, after 20+ years of trading, I can't quantify exactly why I make the decisions I make. It'd be like trying to explain why you lean a certain way when you are riding a bicycle very fast and go around a curve."
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  • #96,293
  • Jun 10, 2019 6:16am Jun 10, 2019 6:16am
Quoting hikaru259
Just borrow a quote of RobinHood in TMSr thread: "Although my templates do not include his main indicator which was the TDI, they do include other indicators that I find easier to read than the TDI. For example, Big E (Eric) would talk about when the TDI started to bend, or arch, or flatten out, etc. as exit signals which I found to be way too subjective for me, so I eventually dropped it. And, he mentioned that he might drop it also because he could still trade very successfully without it. In other words, he didn't really need it either. In all...
Can cut any direction:
The jade in one trades hand is TDI
The jade in second traders hand is Price Action
The jade in third traders hand is Pivot Action.
The jade...................

What is the moral of the storie? Learn while you hold the jade?
  • #96,294
  • Jun 10, 2019 6:42am Jun 10, 2019 6:42am
Quoting Tekkies
{quote} Can cut any direction: The jade in one trades hand is TDI The jade in second traders hand is Price Action The jade in third traders hand is Pivot Action. The jade................... What is the moral of the storie? Learn while you hold the jade?

but...

"Wait a minute,' the young man said. 'This isn't jade.' Suddenly he knew that
the green stone in his hand wasn't jade."
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,295
  • Jun 10, 2019 6:57am Jun 10, 2019 6:57am
Quoting hikaru259
Just borrow a quote of RobinHood in TMSr thread: "Although my templates do not include his main indicator which was the TDI, they do include other indicators that I find easier to read than the TDI. For example, Big E (Eric) would talk about when the TDI started to bend, or arch, or flatten out, etc. as exit signals which I found to be way too subjective for me, so I eventually dropped it. And, he mentioned that he might drop it also because he could still trade very successfully without it. In other words, he didn't really need it either. In all...
this kid will learn to ride the bicycle without any training wheels quicker

X-Man once said .. the TDI is your training wheels and Price Action is king.

Attached Image



and snarlyjack one of TMS pioneer member with Big E, saidPost#1473)
I've come to realize that trading the forex is a lot like playing
the piano. It's playing note after note after note. As you
get better at playing the music "the songs" get better and
better.

The forex is like playing bar after bar after bar. As you get
better your trading gets better and better.

But when it's all said and done. Your playing note after note,
bar after bar. The real secret is learning how to read the
bar's and make beautiful music with it.

The secret to this is the average price bars, not so much the
TDI indicator. You have to learn how to read the bars.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,296
  • Jun 10, 2019 6:58am Jun 10, 2019 6:58am
Quoting emmanuel7788
{quote} USDCAD Week 23 Trade update I have several open positions during NFP last Friday. Will close these on Monday and re-open new basket. {image} Pay attention to the 1 and 2 on the chart above. Note the Price Action above and the TDI conditions 1 and 2. Next week Jun 10 to 14, will look to sell the xxxCAD pairs.
Hello Emmanuel, you don'nt use stochastics indicator on the daily timeframe for the tms strategy? Pls, which indicators or rules for the tms strategy is not necessary on the daily timeframe. I love trading on the daily timeframe too. Many thanks in advance.
  • #96,297
  • Jun 10, 2019 7:24am Jun 10, 2019 7:24am
Quoting timidave
{quote} Hello Emmanuel, you don'nt use stochastics indicator on the daily timeframe for the tms strategy? Pls, which indicators or rules for the tms strategy is not necessary on the daily timeframe. I love trading on the daily timeframe too. Many thanks in advance.

Hi timidave

You need both the Stochastics and TDI (or the Fozzy-RSI) to be your default TMS template when you plan your trade on all timeframes up to Daily.
The Stochastics is more important when we want to pick the reversal candle setup and the TDI is to confirm the reversal signal.

To trade the Daily, you need to identify the Price Action swings on first your Monthly charts, then on your Weekly you will need to identify the 3 market type conditions what Mike Baghdady explains in his 4 videos.

If your missed watching those 4 videos, here is the Post 96,275 link.
https://www.forexfactory.com/showthr...2#post12318762
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,298
  • Jun 10, 2019 7:44am Jun 10, 2019 7:44am
When 3 systems shows confluence ... its is 'powerful'

GBPUSD Jun 10 H4

1st we have NFF ... reversal candle with Stochastics
2nd we have
a) TMS --- reversal candle + 5EMA+ Stochastics + TDI
b) COWABUNGA 2EMA/5EMA + RSI + Stochastics
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD jun 10 H4 3 systems meet 10-06-2019 20-36-39.png Size: 42 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,299
  • Jun 10, 2019 7:51am Jun 10, 2019 7:51am
Ooops ... there is the 4th systems TMSr by RobinHood

GBPUSD Jun 10 H4 TMSr ... aka TMS without the TDI

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD TMSr H4 10-06-2019 20-47-55.png Size: 34 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #96,300
  • Jun 10, 2019 8:00am Jun 10, 2019 8:00am
Quoting emmanuel7788
{quote} I traded COWABUNGA system for a few years on M15 and H1, also D1. Each timeframe is traded on its own without the need to check the next time frame signal. You don't find many signals because the trades are 'signal' by confluence of several indicators. No need to do multi timeframe analysis, etc. video sample: https://www.youtube.com/watch?v=RaUJCFCSnkQ
Thanks, will look at it. It seems to be pretty much similar to the TMS without of the TDI.

Actually i would love to avoid indicators as most as possible but not sure yet where to start.

Do you also know of a trading strategy solely based on price action that concentrates on only one particular setup.

Also I still find it very difficult to identify the markets trend direction, it sounds very simple in theory but actually when ever I look at a chart from left to right i most likely see candles in a messed up chaotic structure doesn’t saying much to me.

Everything you can learn though books and online example charts tend to represent something complete different from what I see every morning looking at any forex chart.

In about 70% of the time no matter what session and time or the day I would say markets are sideways, ranging, consolidation.

So with a day trading strategy based on clear structured trending markets you seem to have a hard time nowdays to find enough valid setup conditions to end up profitable.
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